Dear All
one of my client is registered person and doing hardware business as well as
he is having 4 own heavy vehicle (Truck) for transport of Goods business (not in GTA)
Any Truck is not using for his business Related it totally New business
My doubt is transport of goods for RD or URD is taxable or exempted in this case ???
Thanks in Advance
1.hardware & 2. transport busines
Replies (1)
Transporting goods for other parties (whether Registered or Unregistered Dealers) is a taxable service under GST. Since your client is already a registered person, they must include this income in their GST filings, as this is a distinct business activity separate from their hardware business. You should advise the client to determine whether to pay GST at 5% (without ITC) or 12% (with ITC) based on their specific operational costs.
Recent Topics :
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
Related Topics :
CAclubindia
